Balanced Market
The City of Guelph real estate market continues the year as a balanced market. Both new listings and unit sales drop lower than this time last year. The year-to-date average and median sales prices continue to dip lower than they were this time last year, but have stayed relatively consistent since August of 2022.
March Numbers
- Median Sale Price: $735,000
-20.54% - Average Sale Price: $669,199
-26.61% - Sales Volume: $145,885,314
-45.02% - Unit Sales: 226
-23.65% - New Listings: 342
-21.2% - Expired Listings: 15
-63.25% - Unit Sales/Listings Ratio: 66.08%
-2.12%
Year-over-year comparison (March 2023 vs. March 2022)
March Year-over-year Sales Volume of $145,885,314
- Down 45.02% from 2022's $675,209,006, with unit sales of 226 down 23.65% from last March's 296.
- New listings of 342 are down 21.2% from a year ago, with the sales/listing ratio of 66.08% down 2.12%.
Year-to-date Sales Volume of $324,328,656
- Down 51.97% from 2022's $675,209,006, with unit sales of 552 down 27.6% from 2022's 721.
- New listings of 834 are down 14.26% from a year ago, with the sales/listing ratio of 61.12% down 11.27%.
Year-to-date Average Sale Price of $649,835
- Down from $968,885 one year ago, with median sale priceof $735,000 down from $925,000 one year ago. Average days-on-market of 27.67 is up 15.34 days from last year.
